NextPlay Technologies (NASDAQ:NXTP – Get Rating) issued its quarterly earnings results on Tuesday. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.18), Fidelity Earnings reports. NextPlay Technologies had a negative return on equity of 71.24% and a negative net margin of 566.50%.
NXTP stock traded up $0.03 during trading hours on Thursday, hitting $0.30. 21,224 shares of the stock were exchanged, compared to its average volume of 3,785,095. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $33.77 million, a P/E ratio of -0.34 and a beta of 2.94. The company has a 50-day simple moving average of $0.31 and a two-hundred day simple moving average of $0.56. NextPlay Technologies has a 12 month low of $0.17 and a 12 month high of $3.68.
Hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in shares of NextPlay Technologies in the first quarter valued at approximately $64,000. BlackRock Inc. raised its position in shares of NextPlay Technologies by 9.8% during the first quarter. BlackRock Inc. now owns 912,274 shares of the company’s stock worth $501,000 after purchasing an additional 81,227 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of NextPlay Technologies by 13.9% during the first quarter. Vanguard Group Inc. now owns 3,423,699 shares of the company’s stock worth $1,883,000 after purchasing an additional 418,384 shares during the period. 25.11% of the stock is owned by institutional investors and hedge funds.
NextPlay Technologies, Inc, a technology solutions company, provides games, in-game advertising, crypto-banking, connected TV, and travel booking services to consumers and corporations. The company is based in Sunrise, Florida.
- Get a free copy of the StockNews.com research report on NextPlay Technologies (NXTP)
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